Saturday, January 16, 2021

Darknet Markets headline after years of mixed results – Coindesk

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Darknet markets are roughly in the 2020s.

COVID-19 has destroyed all shipping-centric industries, including drug dealers. Criminologist Andrean Bergern estimates that only 21% of Darnett market transactions result in timely deliveries during the height of epidemic lockdowns in the spring.

But viruses only exist as part of their pain. According to the crypto tracing firm Chinalysis, Darnet Marketplaces is suffering from its largest consolidation in at least five years.

In October 2020, there were only 36 marketplaces for drugs and other illicit goods and services, according to a report on Thursday. That’s down 37% from the industry’s February peak.

Within the exit scams, denial-of-service attacks, random order numbers and the closure of the “temporary” storefront, there are now fewer places to buy drugs online. Bitcoin Compared to any moment after November 2017.

Chainalysis warned that surviving markets are still making huge profits. With more than $ 1.5 billion in revenue so far, Darnet Markets has already set a 2020 record.

Some Darnet sellers tried to rely on this year’s uncertainty. In April, Elliptic, another blockchain intelligence agency, Report Masks of “hundreds of lists” N95 for discounts are popping up in the Darnet Marketplace.

Other vendors were more clearly denounced. The perpetrator sought a handful of lists for the “cure” of the controversial COVID-19 treatment chloroquine and other planned viruses.

In fact, no one has ever bought a hand sanitizer, PPE or Cavid-19 cure from this anonymous drug market. Ciphertrace Followed this kind of posting for a month and found no significant sales.

However, the epidemic could increase revenue in the marketplace by asking customers to buy their stash bulk. Chanelliasis said that “uncertainty” could be “stock up” on casual buyers.

Chanellysis said the biggest problem in the marketplace could probably be moving ahead of a stagnant customer base. Total transfers declined year-on-year: only 8.4 million, up from last year’s 12 million figure.

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